U.S. consumer sentiment unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall economy in a possible boost to President Obama's reelection hopes next month.

The Thomson Reuters/University of Michigan's preliminary October reading on the overall index on consumer sentiment came in at 83.1, up from 78.3 the month before, and the highest since September 2007, the survey showed on Friday.

This has been predicted for years by Rush and others. They will magically make all the numbers appear to jumping in the right direction just before the election. When in reality “We the People” know the truth.

...in a possible boost to President Obama's reelection hopes next month.

I've seen this line a lot since Obama's debate disaster, it's as if the reporters are hoping if they say it enough, it might become a self fulfilling prophecy and that this story MIGHT finally be the one that convinces the voters that the awful economy really isn't that awful.

Unlike the B(L)S numbers, I believe these numbers are real. Consumer sentiment began improving “unexpectedly” right after Obama bombed in the debates and the poll numbers looked better for Romney. Honestly, I am feeling much more confident about the future of the economy myself. In fact, I expect the economy to take off as $1.4 trilling is pumped into the economy (cash sitting on the sidelines right now) sometime shortly after November 7 if Obama loses. It would be a bigger economic stimulus than Obama’s without borrowing it from China. However, if Obama wins the bottom will fall out.

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